Self-education expenses are deductible to a taxpayer where the expenses are directly connected with the taxpayer’s current income-earning activities. In circumstances a deduction is allowable: Taxpayer’s income-earning activities relate to the basis to maintain or improve your skill or knowledge of employment Self-education study objectively leads to an increase in taxpayer’s income from their current […]
Deduction for travel expenses can be equally apply to a business taxpayer and an employee deriving salary and wage income that there is a sufficient connection between travel and the derivation of income by the taxpayer. Hence to claim a deduction for travel expenses, you must be able to demonstrate that the expenses are linked […]
You’ll find below some explanations and examples of what you can claim in regards to compulsory, and non compulsory work uniforms. This is to be used as a general guide only, and any particular information should be checked directly with the ATO website. Compulsory Uniform A compulsory uniform is a set of clothing that is […]
Vehicle expenses are a much regulated area for claiming deductions, so having an understanding of what you can claim is crucial in obtaining the correct deduction. Most of us rely on our cars daily in our working lives and, as we all know, cars can be expensive. Fortunately, tax deductions are claimable on your car-related […]
It is a legal requirement that you keep records relating to your 2014 Tax Return. That is why it is so important to make sure you have a practical record keeping system in place and take advantage of Refund Express’s online document storage for your Return. By law, the ATO requires you to keep you […]